Alabama still waiting on PayDay Loan tracking system

Consumers in Alabama still don't have a way to track so called payday loans in our state. A proposed  A database to track payday loans in Alabama remains on hold because of a court fight. The system is aimed at improving enforcement of a $500 limit on the amount of payday loans a person can have. But payday lenders sued Alabama's Banking Department to block creation of the system last year. A judge in Montgomery ruled against the industry in August and the industry appealed. The state Banking Department says it hopes to have a final decision soon. The state signed a contract with a Florida company to build the database, and legislators approve the deal earlier this month. But the work remains on hold because of the litigation.